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Housing loan market grows by 9.6 pc in Dec quarter: Report
Mumbai : The
housing loan market in the country witnessed a rebound and registered a year-on-year growth of 9.6 per cent in terms of portfolio outstanding (PoS) in the third quarter of FY2021, despite the COVID-19 pandemic, says a report. The portfolio outstanding of the sector stood at Rs 22.26 lakh crore as of December 2020, as compared to Rs 20.31 lakh crore as of December 2019, according to a quarterly report released by credit information bureau CRIF High Mark.
The industry had witnessed 10.4 per cent growth in PoS in December 2019 quarter over December 2018 quarter. The report said the growth was flat in quarters ending March 2020, June 2020 and September 2020 due to COVID-19 pandemic, the resulting nationwide lockdown and suspension of most of the business and lending activities in large parts of the country. “However, there has been a rebound in housing loan originations in the quarter ending December 2020, l
from tornado sightings this week to a polar vortex hitting again next week, to a chill in the air seeming to put a chill on your wallet. falling to the worst level we have seen in about a year and a half. keeping buyers at bay. so if they re right, bianca, i should say, the $1 trillion people have in student loan debt could really put the housing loan market on ice. the fact is a lot of young people come out of school, they have more debt than ever before, and they re the ones at the bottom of the housing market, getting it going. if they re stymied everyone above them is stymied right? first-time home buyers are the backbone of the housing market. they are. that means young professionals and people that are my age.